Prologis strikes deal for Croydon scheme

Prologis Heathrow

US developer acquires 10 acres from Thames Water for around £3m per acre.

The US developer has struck a deal with landowner Thames Water to buy 10 acres of land on Beddington Lane in Croydon.

Prologis beat a long list of bidders for the site, which is located in a severely supply-starved market and can accommodate around 200,000 sq ft of industrial and logistics space.

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